AUSTRALIA

High Peak targets rival

HIGH Peak Royalties has served a Section 249D notice on its partially-owned rival Royalco Resources over concerns it has with the oversight of the company and senior management by the current board of directors, and its lack of oil field knowledge.

Haydn Black

High Peak, which owns 20.91% of Royalco, has not disclosed exactly what its issues are, but it wants Royalco to appoint directors with significant experience in the oil and gas industry as well as "a proven...

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